Argyle Capital Management LLC Decreases Stake in Fiserv, Inc. $FI

Argyle Capital Management LLC lowered its holdings in Fiserv, Inc. (NYSE:FI) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,894 shares of the business services provider’s stock after selling 109 shares during the quarter. Argyle Capital Management LLC’s holdings in Fiserv were worth $2,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of FI. Brighton Jones LLC raised its stake in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Fiserv by 11.6% in the first quarter. Wedge Capital Management L L P NC now owns 1,106 shares of the business services provider’s stock worth $244,000 after purchasing an additional 115 shares during the last quarter. Accurate Wealth Management LLC raised its stake in shares of Fiserv by 5.8% in the first quarter. Accurate Wealth Management LLC now owns 1,338 shares of the business services provider’s stock worth $278,000 after purchasing an additional 73 shares during the last quarter. Finally, Focus Financial Network Inc. raised its stake in shares of Fiserv by 4.6% in the first quarter. Focus Financial Network Inc. now owns 9,493 shares of the business services provider’s stock worth $2,096,000 after purchasing an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on FI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a report on Wednesday. Wall Street Zen raised Fiserv from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Barclays set a $175.00 price objective on Fiserv and gave the stock an “overweight” rating in a report on Monday, July 28th. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Finally, UBS Group cut their price objective on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.96.

Fiserv Price Performance

Shares of Fiserv stock opened at $125.92 on Friday. The stock’s 50-day simple moving average is $133.43 and its 200-day simple moving average is $163.07. Fiserv, Inc. has a 52 week low of $124.89 and a 52 week high of $238.59. The company has a market capitalization of $68.45 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.82 and a beta of 0.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the previous year, the business earned $2.13 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.